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Commonly referred to as a "wage earners" bankruptcy, a Chapter 13 allows a financial reorganization, so you can get your debts and finances under control and get a fresh start once the process is complete.

Most or all of your unsecured debts can be discharged at the end of the bankruptcy process. Medical bills, credit cards, foreclosure, repossession, and other financial problems can be resolved with the help of Susan, an experienced Chapter 13 Bankruptcy attorney.

Along with the Bankruptcy Trustee and your creditors, she works to develop a payment plan based on your specific income, debts and other financial factors. A plan can last from 3 to 5 years. When your Chapter 13 plan is finished, any unsecured debts that you have left, like credit cards or medical bills, are discharged or eliminated.

With a chapter 13, you decide whether to keep making payments on your secured debts, like mortgages and vehicle loans, or give up the property and owe nothing if the creditor sells the property for less than what you owe.

Your planned Chapter 13 monthly payment depends on your income, not the amount of your debts and financial obligations. The Bankruptcy Trustee will deduct and allow you certain living expenses, determined by national and local standards.

The Trustee will deduct other financial obligations from your income, such as child or spousal support payments owed, mortgage and auto loan payments, and tax debts. These payments will continue to be made by the Trustee.

Once all of your expenses and financial obligations are deducted from your income, the remaining amount is what you pay the Bankruptcy Court each month during your Chapter 13 plan. This amount is distributed to your creditors by the Trustee.

In a Chapter 13 Bankruptcy, you can choose to keep your home and/or your vehicle, but in your bankruptcy plan, you'll need to make planned payments on them each month. If you choose to give up property, after it is sold, any remaining balance you owe is eliminated at the end of your bankruptcy plan.

Attorney Susan Gray can help you decide if it's best to continue paying on these debts or not. Car or truck loans, and home mortgages are secured by the properties, so if you keep one or more of them, you make planned payments through the Bankruptcy Trustee.

A Chapter 13 Bankruptcy is a difficult and complex process, and it can be hard to navigate. There are specific rules, requirements and regulations that must be followed at each step of the Chapter 13 process.

One mistake can be disastrous to your financial future. Here's why. Creditors will fight in order to get bigger payments from you, and even a small oversight or minor mistake can cost dearly, if a Chapter 13 case is dismissed. You can even be prevented from filing for bankruptcy protections for a specified time.

Not all lawyers are the same. Some practice bankruptcy law part-time. Susan Gray is a full-time bankrupcy lawyer, and she's expert in the Bankruptcy Codes. She knows the ins and outs of Chapter 13.

Request a callback to schedule a free, initial consultation with her.